- summary:
- The dollar is still near record levels as it fights Indian rupees for a strong US dollar. The main levels and expectations analyzed here.
The Indian rupee continues to double against the US dollar, with the US dollar trading near 86.52, hovering near its highest standard levels. While the Indian Reserve Bank (RBI) entered, its efforts were not sufficiently aggressive to stop the upward trend. The big question is whether the rupees can fight or whether the US dollar/INR will push towards its highest fresh levels.
USD/Inr Technical Analysis: Can it carry the upward trend?
Usdinr Main support and resistance levels
- Immediate resistance: 86.69 – The USD/INR penetration can pay about 87.00.
- Current price: 86.52 – Standardization near the last highlands.
- First support: 86.13 – The bulls remain in control of this level.
- Stronger support: 85.80 – 85.37 – A break below may convert momentum.
- The goal of the main negative side: 84.88 – If the feelings are weak, this may be the following test.
US dollar expectations/INR: What is next?
Currently, this trend is preferred to weak in rupees, but reflection can occur if RBI has more aggressive, the Federal Reserve Transformations takes into account, or the budget for India provides a budget of confidence. If the USD/INR 86.69 is broken, the bulls are likely to target 87.00+, while the decrease of less than 86.13 can open the door to 85.80 or less.
Final ideas
The dollar/INR was climbing unabated, but nothing was moving in a straight line forever. If you are a bull, you want to see 86.69 breaks for the highest new levels. If you are betting on rupees, monitor the signs of exhaustion or a decrease less than 86.13. Either way, some fluctuations are expected with the main events this week. buckle!
